NanoMarkets
today announced the release of its new report, "Worldwide Smart
Windows Markets 2013-2020."
Glen
Allen, Virginia - June 13, 2013 -- Industry analyst firm
NanoMarkets
today announced the release of its new report, "Worldwide Smart
Windows Markets 2013-2020." This report analyzes and forecasts
opportunities for smart (self-dimming) windows in residential
buildings, commercial real estate, automobiles and trucks, aircraft
and public transportation. It also includes more than 70 exhibits
providing detailed market projections - in both value and volume
(square meters) terms -- with breakouts by technology and
applications. Technology coverage includes: passive retrofit films,
thermochromics, and photochromics, along with PDLC, SPD and
electrochromics. Both film and glass products are included.
Firms
mention in the report include: 3M, Asahi Glass, Audi, BMW, Boeing,
Cardinal, Chromogenics, Corning, DuPont, DuPont Teijin, Garware,
Guardian, Gentex, GKN, GlasNovations, Glassonice, Innovative Glass,
InvisiShade, LTI, Mercedes, Mitsubishi, NSG/Pilkington, Pleotint,
Polytronix, PPG, Pro Display, RavenBrick, Research Frontiers, Sage,
Saint-Gobain, Samsung, Scienstry, Sekisui, SKC, SmartGlass,
Solutia/Eastman Chemical, Schott, SPD Control Systems, SwitchLite,
Switch Materials, Toray, US e-Chromics, Velux, View, Vision Systems,
Volkswagen, Xinology and Zeledyne.
NanoMarkets
estimates that the market for smart windows is about $2.3 billion
today, growing to $4.7 billion by 2018 and $5.3 billion by 2020.
Additional
details about the report are available at: http://www.nanomarkets.net
The
firm has announced that it will be co-hosting a webinar on Smart
Windows with the FlexTech Alliance on Wednesday, June 26th of this
month. Persons interested in registering to attend may do so at
https://www3.gotomeeting.com/register/519180638
From
the Report:
-
NanoMarkets' research indicates that smart windows still have to
overcome a perception problem. Many Architects and construction firms
still tend to view smart windows as expensive and low performing.
Another trap for smart windows companies is misreading the recovery
in the real estate markets around the world. This may turn out to be
temporary. If so smart windows firms may overinvest and see a rapid
decline in profitability if real estate markets go into a slump
again.
-
NanoMarkets believes that the fastest growing market for smart
windows over the period being considered will be for active smart
window glass. This is already a substantial market - just over $1
billion - and is expected to reach $2.7 billion by 2018. Active glass
windows combines the transparency of glass with full control of both
light and heat and can be used both for buildings and vehicles.
-
While the US will continue to be the largest market for smart
windows, China is where the greatest growth opportunities in the
smart windows sector will be found. Currently the market for smart
windows in China is around $285 million, growing to $740 million in
2018. Many of the new commercial buildings in China are
LEED-certified, making them very suitable for smart windows use.
Also, these buildings are designed by large Western architectural
firms with a strong familiarity with smart windows. In addition, the
Chinese market for luxury cars - the kind of car most likely to use
smart windows -- is growing fast and will soon overtake the U.S.
market. We expect that by 2020, China will account for 23.8 percent
of the smart windows market in cars and light automobile vehicles
followed by the US at 21.8 percent. It also seems likely that as
smart windows technology is transferred to China, new Chinese smart
windows firms will begin to emerge.
About
NanoMarkets:
NanoMarkets
tracks and analyzes emerging market opportunities in solid-state
lighting, energy, electronics and other markets created by
developments in advanced materials. The firm is a recognized leader
in industry analysis and forecasts of this kind and has been covering
the smart glass space for more than five years.
Visit
http://www.nanomarkets.net
for a full listing of NanoMarkets' reports and other services.
Media
Contact:
Robert
Nolan
NanoMarkets,
LC
PO
BOX 3840
Glen
Allen, VA 23058
(804)
938-0030
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